A focused view of Oman’s latest business, economy and public-interest developments, organised for quick reading.
OmanQThe Ministry of Foreign Affairs of Oman has issued an official statement urging all Omani citizens present in conflict zones or areas close to conflict to return to the country immediately and avoid traveling to these regions under…
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Elon Musk, the CEO of Tesla and SpaceX, is expected to visit Muscat in November to attend the International Forum of Sovereign Wealth Funds (IFSWF). This significant event will enhance Oman’s position on the global investment map, highlighting…
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The Ministry of Commerce, Industry, and Investment Promotion in Oman has announced the suspension of foreign investment licenses for residents employed in low-skilled professions. This decision is part of ongoing efforts to reassess the conditions for foreign investments…
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The UAE has issued its first-ever license for gambling activities in the Gulf region. Wynn Resorts, a company known for managing hotels and casinos, received this license from the General Commercial Gaming Regulatory Authority in the UAE. The…
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Muscat Municipality has urged residents to renew and register new rent contracts using the PKI digital certification. This service allows users to manage their contracts with the highest level of security and convenience through digital platforms. In an…
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Oman is set to introduce a personal income tax for high earners after 2026, as reported in a recent announcement. In July, the Majlis Al Shura, the lower house of the Omani parliament, approved a draft income tax…
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Oman's Ministry of Foreign Affairs issued a statement condemning the brutal attack by the Israeli regime on Lebanese territory and emphasized the importance of restraint to protect the region and its peoples from the dangers of war. According…
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The Ministry of Energy and Minerals in Oman has launched Concession Area No. 18 in the southern Sea of Oman. Covering 21,140 square kilometers, this offshore block is one of the largest in the country and holds untapped…
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The organic date farm in the wilayat of Ibri, located in the Dhahirah region, has achieved a significant milestone by obtaining the international organic agriculture certification, “Ecocert,” making it the largest certified organic date palm farm in Oman.…
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According to statistics released by the Central Bank of Oman, the total credit extended by the banking sector reached RO 31.3 billion (approximately $81.2 million) at the end of July 2024, marking a 3.4% increase year-on-year. Credit to…
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